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Old 01-02-2008, 08:15 PM   #21
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I know -- I hope things get better soon!

Again I seem to have the luck of the Irish (even though my ancestry is Scottish), because I only buy about 150 gallons of gas a year. Even if it went up another $10/gallon, which it won't, I could manage. But what about those in places like California who have 60 mile commutes each way, in order to find housing they can (barely) manage to pay for? It's going to be rough on them. And we don't really need very much heat in New Orleans. But as you point out, the poor and elderly will have a rough time, especially heating their homes in colder climates.
There is an article on Yahoo and CNN/Money - $100 oil will hit gas and airfare

Yahoo! Personal Finance

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Old 01-02-2008, 08:21 PM   #22
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Whew, I'd better fill my gas tank before gas gets any higher! That article makes it sound like future gas prices will be astronomical.
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Old 01-02-2008, 09:56 PM   #23
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There is an article on Yahoo and CNN/Money - $100 oil will hit gas and airfare

Yahoo! Personal Finance

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I'm glad that the last car I bought was a Prius Also, this weekend I move to Baton Rouge where my commute will be back to 20 miles each way instead of 3.
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Old 01-02-2008, 10:20 PM   #24
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Many of these credit cards that are nearing default were originally acquired with low introductory interest rates. Some now have rates higher than what the Mafia charges. Treasury Secretary Paulson surely can place a "teaser freezer" on credit card rates as he did subprime mortgages in order to help these poor folks out. Come on now, after all isn't this the new American way?
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Old 01-02-2008, 10:24 PM   #25
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Turns out there was no check to stop folks with terminal cancer who had excellent credit from running up big accounts backed with this extra 'term insurance'
Except for the cancer part that would be my plan. Order whatever I wanted - give it away or use it, die and don't pay the bill.
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Old 01-02-2008, 10:33 PM   #26
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W2R -being Scottish, you tend to squeeze the buffalo nickel until he 'farts.' Just ask the "Millionaire Next Door" guys about the Scots. :-) Bottom line, you can't help it, it's in your genes.
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Old 01-03-2008, 07:14 AM   #27
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W2R -being Scottish, you tend to squeeze the buffalo nickel until he 'farts.' Just ask the "Millionaire Next Door" guys about the Scots. :-) Bottom line, you can't help it, it's in your genes.
LOL!!! I think you are right. My parents and grandparents were the same way about money. All of us seem to be enthused by the idea of creating and preserving capital.
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Old 01-03-2008, 09:41 AM   #28
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Late payments on consumer loans in the July to September quarter are at their highest point since the recession of 2001, according to the American Bankers Association.

SignOnSanDiego.com > News > Business -- Late payments on consumer loans jump to highest point since last recession
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Old 01-03-2008, 04:36 PM   #29
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W2R -being Scottish, you tend to squeeze the buffalo nickel until he 'farts.' Just ask the "Millionaire Next Door" guys about the Scots. :-) Bottom line, you can't help it, it's in your genes.
We used to live in Scotland and you are dead right. In fact they even save money when they do the census returns every 10 years. Instead of going door to door they go street to street, roll a penny down the road and count the residents as they come out
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Old 01-03-2008, 04:57 PM   #30
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The big lie about credit card debt - MSN Money
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